MyCorporation vs LegalZoom (Who’s Your Best Bet?)
Are you looking to form an LLC, but you don’t want to go it alone? Fortunately, there are plenty of reputable companies out there like MyCorporation and LegalZoom that can help you with LLC service. But how do you know which one you should choose for your formation?
With this MyCorporation vs LegalZoom comparison, all the information you need to make a decision — from commonalities to major differences — is laid out in a convenient fashion. Hopefully this will make your choice a bit easier!
* Note: If you would like to compare the top LLC services, we reviewed and ranked the best based on overall value-price-reliability. See Comparison.
MyCorporation and LegalZoom are two of the top LLC formation services in America, and they’re both great choices to form your new company. They’re both easy to recommend, but overall we do prefer MyCorporation for the majority of our readers.
Most importantly, MyCorporation’s baseline price point of $89 is far cheaper than LegalZoom’s $149 rate. Furthermore, the vast majority of MyCorporation’s customer feedback is positive, whereas LegalZoom has rather mixed reviews.
If you would like to learn more about these two service providers before making your decision, read on to discover all the relevant details!
6 Things They Have In Common
1) Affordable: Both of these LLC services are hundreds of dollars cheaper than hiring an attorney to draft and file your formation documents. It’s a nice middle ground between the formality of a lawyer and the hassle of the DIY route.
2) Customer Support: MyCorporation and LegalZoom have customer support systems that can really come through in a pinch. Any time you have a question, or you run into some unexpected trouble, all you have to do is pick up the phone.
3) Experience: These companies both handle high volumes of clients. With millions of customers served each, LegalZoom and MyCorporation are two well-oiled LLC service machines.
4) Additional Services: LegalZoom and MyCorporation have dozens of other services available. If you need a registered agent, or help with anything from foreign qualifications to annual reports, these companies have the resources to assist with those and many other requirements.
5) Satisfaction Guarantees: Both MyCorporation and LegalZoom offer satisfaction guarantees. If you’re unhappy with your LLC service for any reason, all you have to do to get a refund is ask for one. No questions asked!
6) Educational: LegalZoom and MyCorporation both have online learning centers that are absolutely stuffed with information about business formations, ongoing compliance issues, payroll services, and more.
Side by Side Comparisons
With their base rate of $89 (before state fee), MyCorporation’s LLC service can save you a considerable amount of money compared to LegalZoom’s $149 price tag.
These two companies offer quite similar base-rate LLC formation packages, with the only real difference being LegalZoom’s inclusion of a banking resolution to help you open business checking and savings accounts. However, if you spend an extra $10 to jump from MyCorporation’s $89 package to their $99 package, you’ll receive a year of their fully managed annual report service, which is a great value.
Both of these providers are highly experienced. MyCorporation opened in 1995, and they’ve served over a million businesses since then. LegalZoom started back in 1999, and they have over 2 million business clients.
MyCorporation’s service department gets rave reviews from customers, as they frequently thank their support agents by name in their online reviews. Their customer service hours run from 10am to 8pm ET Monday through Friday.
At LegalZoom, their support gets somewhat mixed feedback. Some customers find their agents to be helpful, while some others see room for improvement. Honestly, this is a common issue for companies of their size and reach — the more reps you have, the higher the chance some of them might not be ideal hires. One area where their customers seem to agree is how much they like LegalZoom’s extended support hours, as they answer the phone from 8am to 10pm ET on weekdays, and they also take weekend calls from 10am to 7pm ET.
With LegalZoom, processing times vary depending on which level of service you purchase: Economy (30 business days), Standard (15), or Express Gold (7-10). On the other hand, MyCorporation’s turnaround times vary based on your state of formation, as well as whether you choose to expedite your filing or not. In short, LegalZoom is faster in some states, while MyCorporation has them beat in others.
Both LegalZoom and MyCorporation have status pages where you can view current info about your order. They’re not the fanciest order tracking tools in the industry, but they are effective.
Registered Agent Service
LegalZoom charges an annual fee of $159 for registered agent, whereas MyCorporation’s service costs just $120. Also, MyCorporation includes a full year of registered agent in both their Deluxe ($199) and Premium ($299) LLC service packages. LegalZoom does not include registered agent in any level of LLC formation package. (What is a Registered Agent?)
MyCorporation has hundreds of reviews available online, and nearly all of them are positive. As we mentioned earlier, many of their customers have highly complimentary things to say about MyCorporation’s support agents.
On the other hand, LegalZoom gets much more mixed reviews, with positive and critical feedback in roughly equal supply. There are plenty of satisfied customers out there, but they do seem to have some issues to iron out among their clients.
Ease of Use
Both of these companies sell products and services that are quite simple to use, which is one of the biggest selling points they have. They also each have fully featured and user-friendly websites.
Which LLC Service Should You Choose?
LegalZoom and MyCorporation are both legitimate and capable companies which are worthy options for LLC service. We realize that some of you may still be undecided about which one you’d like to use, so let’s look over a couple scenarios where you might prefer one over the other.
Choose MyCorporation if You Are:
Concerned about keeping costs down? Place a high value on customer feedback? These are a couple of the most common reasons people choose MyCorporation over LegalZoom.
Choose LegalZoom if You Are:
Is experience a top priority? How about brand power or customer volume? If these items are important to you, LegalZoom should be a nice fit.